By now, most people have heard of Uber’s $70 billion acquisition of Lyft.
But what does it mean for the future?
The new company Uber is planning to merge with Lyft and to become an operating company in 2021.
But in a new interview with Reuters, Uber CEO Travis Kalanick discussed the future in an attempt to reassure investors.
While there’s no clear timeline for the merger, Kalanack hinted at it being something that could happen in the next few years.
“It’s definitely possible that the merger will happen in 2021,” he said.
“It’s possible that it will happen by the end of the year.
It’s possible, but it’s also possible it will be a year from now.
So that’s really exciting.
We are actively thinking about this.”
It is very possible that we will see an Uber merger before 2021.
It is possible that that will happen within the next year.
We have a great team that is working to make sure this merger is a success.
In 2021, we’re going to have a better business and a better future.
In the meantime, Uber is currently planning to offer a cheaper UberX ride than Lyft.
It also plans to expand its business to include delivery services, and Uber’s rideshare app will expand beyond the US.
We are actively looking into the possibility of doing a Lyft-Uber merger,” Kalanicky added.
Lyft has not yet announced any specific dates or times for the planned merger.
The move has sparked a storm of criticism from both sides of the tech industry.
On the one hand, Uber has been criticized for driving a wedge between consumers and its drivers.
On a more positive side, Lyft drivers are currently being paid a living wage and many believe they deserve to be compensated for their time and effort.
Uber has countered that it has a responsibility to the communities it serves, and drivers have been working overtime to keep costs low.